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March 17, 2023
With Broader Implications, Court Says PUC's Actions To Achieve §39.151 Statutory Reliability Directive Must Be Subject To Prevailing Statute Which Requires That "Competitive Rather Than Regulatory Methods" Are Preferred "To The Greatest Extent Feasible" And With "The Least Impact On Competition"
March 15, 2023
Staff of the Texas PUC filed a petition to ratify a partial termination of the Amended Voluntary Mitigation Plan (VMP) for the NRG Energy Companies, with the partial termination relating to ancillary services bidding
March 13, 2023
The Texas PUC has assigned docket numbers for applications to terminate, in part, or amend the voluntary mitigation plans of three generators
March 13, 2023
The ISO New England Forward Capacity Market (FCA 17) for the 2026-27 term cleared at a preliminary price of $2.590 per kilowatt-month (kW-month) in all zones and import interfaces except the New Brunswick interface, which cleared at $2.551 per kW-month.
March 9, 2023
ERCOT issued a market notice stating that real-time and day-ahead prices, dating back to approximately February 8, 2023 (specific date market-dependent as noted below), "are under investigation for potential correction due to an error identified in ERCOT's Market Management System (MMS) impacting…
March 9, 2023
Below is a summary of bills backed by the Texas Lt. Gov. and a group of both Republican and Democrat senators to address ERCOT market reform and winter storm Uri
March 7, 2023
Staff of the Texas PUC issued a list of questions for public comment concerning development of a reliability standard
March 6, 2023
The Texas Coalition for Affordable Power (TCAP) announced that it has entered an agreement with Broad Reach Power (BRP) for BRP to provide ancillary services to TCAP members at fixed prices
February 28, 2023
Vistra today reported its results from the PJM capacity auction for 2024/2025 planning year.
February 27, 2023
PJM has posted results from its base residual auction for capacity (BRA) under the reliability pricing model (RPM) for the 2024-25 delivery year
February 23, 2023
Constellation noted in a news release today that, "PJM customers have paid generators approximately $58 billion in capacity performance payments intended to spur generators to invest in reliability measures to prevent outages during extreme weather events," since the introduction of the capacity…
February 17, 2023
Energo Power & Gas LLC ('Energo') petitioned the New Jersey Board of Public Utilities ('Board' or 'BPU') to convene an expedited proceeding to address a Jersey Central Power & Light ('JCP&L') unaccounted for energy ('UFE') settlement issue.
February 15, 2023
Texas PUC Commissioner Will McAdams filed a memo concerning consideration of establishing a reliability standard for ERCOT, and, among other things, said that a study should be conducted concerning Value of Lost Load (VOLL)
February 8, 2023
WattBridge Energy, LLC announced today commissioning of the Mark One Generating Station in Brazoria County, Texas.
February 3, 2023
Under Current Rules, Defaults From Non-Payments Of Penalties Would Not Be Socialized To All Members
PJM filed a proposal with the Federal Energy Regulatory Commission to amend PJM’s Tariff to allow the option for a Member to extend the billing schedule from three to nine months for any Non-Performance Charges that will be assessed stemming from the Performance Assessment Intervals during Winter…
January 19, 2023
PUC Chair: PCM May Help Separate The "Wheat From The Chaff" Among REPs, Calls Some REPs Fly-by-Night
The Texas PUC voted to "adopt", without immediate implementation, a performance credit mechanism (PCM) for the retail market, which will require REPs to procure, through a centrally cleared mechanism, performance credits (PC)
January 12, 2023
During a discussion at today's Texas PUC open meeting concerning ERCOT market design, including a proposed Performance Credit Mechanism (PCM), several Commissioners raised the issue of affiliate restrictions when discussing market power concerns
January 10, 2023
Texas Gov. Greg Abbott submitted a letter to the Texas PUC concerning ERCOT market design urging "strong consideration" of the Performance Credit Mechanism, while also favoring a "bridge" solution
December 26, 2022
Duke Energy Carolinas (DEC) and Duke Energy Progress (DEP) announced, in a Dec. 24 news release, that, "the company is implementing load shedding steps that include interruptions in service," due to, "extreme cold temperatures and subsequent demand for power," and there not being enough electricity…
December 22, 2022
"Indicative" Prices To Be Posted In Jan. 2023, Final Prices To Await FERC Action On Tariff Change
PJM did not publish prices from the 2024-25 base residual auction for its capacity market, due to concerns about offer behavior in the DPL South LDA
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December 21, 2022
DALLAS, TX, Dec. 21, 2022 — VertexOne , the leading provider of cloud-based, customer experience, software-as-a-service (SaaS) solutions for the utility and energy industry, recently announced its partnership with Ameripro Energy Corp., an energy supplier that’s entering the New York and PJM markets…
December 15, 2022
Texas stakeholders filed comments at the PUC on a proposed novel Performance Credit Mechanism [PCM] as a means to achieve ERCOT reliability
December 14, 2022
A group of independent Texas retail electric providers are among the members of the Coalition for Dispatchable Reliability Reserve Service, a group that is proposing a Dispatchable Reliability Reserve Service (DRRS) (built on the Uncertainty Product advocated by the ERCOT IMM) as the best mechanism…
December 7, 2022
ERCOT said in a market notice that, "Due to the anticipated interconnection of an increasing number of large flexible Loads in the ERCOT Region, ERCOT is establishing an interim, voluntary curtailment program that would allow these Loads to assist ERCOT in ensuring reliability during periods of high…
December 2, 2022
Nine Texas state Senators, including Charles Schwertner and Robert Nichols, Chair and Vice Chair (respectively) of the Senate Committee on Business & Commerce, sent a letter to the PUC Chair and Commissioners informing the PUC that any holistic market design change, including the Performance Credit…
